MICRO, SMALL & MEDIUM ENTERPRISES LOANS

Loan Terms and Conditions

Purpose of Loan

  • SME Loans for the purpose other than the acceptable additional working capital requirements and fixed asset investment.
  • Business is considered to be a start-up
  • A cash-flow based type of loan

Loan Processing Requirements

  • Application Forms duly filled-out and signed by the applicant/s
  • 2 x 2 ID Picture
  • 2 Valid IDs
  • Community Tax Certificate
  • Photocopy of latest tax declaration, tax receipt and tax clearance
  • Approved vicinity map/ lot plan duly signed by a geodetic engineer
  • Bill of material/ approved building plans/ S-curve, whichever is applicable
  • Proof of Billing
  • Pictures of collaterals
  • Pictures of residence/ business
  • Deed of undertaking
  • Affidavit of non-tenancy (Agri)
  • DAR Clearance (Agri)
  • Consent to mortgage family home

Eligibility Criteria

  • Spouses, Principal Borrowers shall be a Filipino citizen
  • 18-60 years old upon registration and acquisition of the titles offered as collaterals.
  • With acceptable collateral
  • Residence/ collateral is within the present serving area
  • Acceptable special power of attorney
  • Not engaged in illegal activities
  • Must have a good credit record with banks and other lending institutions
  • With existing source of income and/or has a projected cash flowe relative to the payment scheme.
  • With acceptable collateral
  • Not an accommodation
  • Must not been turned down by another branch